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IOTA {MIOTA}, Bitcoin SV {BSV}, price analysis and likely future examined

Bitcoin

IOTA is ranked at #17 in the market. The trading volume recorded is $5.952 million, and the supply has roughly 2.779 billion MIOTA coins in play as of this instant. The total market cap of IOTA amounts to $750.151 million. The price tanked at a rate of 0.62% in the course of the past 24-hours; this brought down MIOTA all the way to $0.269884.

According to the candlestick chart linked to the IOT/USD pair on tradingview [based on data obtained from the Bitfinex Exchange], sellers are the dominant force trying to steer $MIOTA towards $0.25. From 14th October onwards, the Ichimoku Cloud will bear the green shade, signaling a recovery caused by rising bullish pressure. Post-9th October, the peaks tied to the Awesome Oscillator possessed the brown shade, which points to bearish momentum affected the performance of this altcoin.

The daily RSI [for 14 periods] is at 48.81 which signifies that IOTA is part of the neutral zone. Key support can be found near the $0.2404 level, while barriers may hamper MIOTA’s surge close to the $0.2877 mark.

Bitcoin SV is ranked at #9 to the north of Stellar in the market. The price waned at a rate of 2.09% in a matter of hours which led to BSV sinking to reach $86.30. The trading volume recorded is $266.848 million, and the supply still has 17,854,986 BSV coins involved as part of the circulation. The total market cap of Bitcoin SV is $1.54 billion.

According to the candlestick chart connected to the BSV/USDT pair on tradingview [based on data from Huobi], this Bitcoin Cash fork doesn’t look like it’ll be escaping from the clutches of bears anytime soon. The daily RSI [for 14 periods] is at 34.94 which shows that BSV itself isn’t too far away from the oversold zone. Resistance was experienced at $96.786 a day ago, and support can be found near the $61.59 mark. Post-29th September, the Awesome Oscillator peaks haven’t shifted from beneath the zero line, although their green shade points to a possible trend change influencing Bitcoin SV.

From 7th October, the MACD line has lingered above the signal line, ensuring that the histogram stays green and on top as well. In my opinion, BSV may dip towards $83 as this week draws to a close.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.